Contract Notes

CB Patrick Peterson signed a five year, $70.05 million contract extension with the Arizona Cardinals on July 30, 2014. Peterson had two years remaining on his contract at the time of signing.

Peterson received $16.25 million fully guaranteed, of which $15,361,866 is in the form of a signing bonus, that is prorated over five years. Petersons 2015 and 2016 base salaries are guaranteed for injury only and will vest as fully guaranteed salaries on the 5th day of the waiver period of each respective year. Peterson's 2017 base salary is also guaranteed for injury only and $5 million will become fully guaranteed if on the roster the 5th day of the 2016 waiver period with the remaining $4.75 million becoming fully guaranteed on the the 5th day of the 2017 waiver period. $630,866 of his 2018 salary for injury only. If Peterson is on the Cardinals roster the 5th day of the 2017 waiver period he will earn an additional $4.75 million in full guarantees. The contract contains annual workout bonuses of $250,000 and a reporting bonus of $250,000 in 2020.

Peterson converted $3.1 million of his salary into a signing bonus in 2016.